Hafnia Limited (NYSE:HAFN – Get Free Report) dropped 4.6% on Wednesday . The company traded as low as $7.85 and last traded at $7.8150. Approximately 324,012 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,640,697 shares. The stock had previously closed at $8.19.
Analysts Set New Price Targets
Several analysts have recently issued reports on HAFN shares. Weiss Ratings restated a “hold (c)” rating on shares of Hafnia in a research report on Monday, August 3rd. Wall Street Zen cut Hafnia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. Finally, Pareto Securities downgraded shares of Hafnia to a “hold” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Report on Hafnia
Hafnia Trading Up 6.6%
Hafnia (NYSE:HAFN – Get Free Report) last released its earnings results on Friday, May 15th. The company reported $0.36 EPS for the quarter. The firm had revenue of $688.87 million during the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.
Institutional Trading of Hafnia
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAFN. Assenagon Asset Management S.A. acquired a new stake in shares of Hafnia in the first quarter worth approximately $32,205,000. MHR Fund Management LLC increased its position in Hafnia by 7.6% during the fourth quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock worth $98,587,000 after purchasing an additional 1,309,938 shares during the last quarter. Millennium Management LLC increased its position in Hafnia by 5,973.8% during the third quarter. Millennium Management LLC now owns 636,900 shares of the company’s stock worth $3,815,000 after purchasing an additional 626,414 shares during the last quarter. Fearnley Asset Management AS purchased a new position in Hafnia during the fourth quarter worth approximately $3,185,000. Finally, Jane Street Group LLC raised its stake in Hafnia by 241.6% during the first quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock worth $3,392,000 after purchasing an additional 576,629 shares during the period.
Hafnia Company Profile
Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.
The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.
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